The Home Depot, Inc. $HD Shares Sold by PFC Capital Group Inc.

PFC Capital Group Inc. lessened its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,236 shares of the home improvement retailer’s stock after selling 872 shares during the quarter. Home Depot makes up about 2.9% of PFC Capital Group Inc.’s portfolio, making the stock its 7th biggest holding. PFC Capital Group Inc.’s holdings in Home Depot were worth $6,319,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HD. Jaffetilchin Investment Partners LLC raised its holdings in Home Depot by 13.0% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 13,904 shares of the home improvement retailer’s stock valued at $5,098,000 after acquiring an additional 1,601 shares during the last quarter. Quadcap Wealth Management LLC increased its holdings in shares of Home Depot by 4.5% in the second quarter. Quadcap Wealth Management LLC now owns 2,595 shares of the home improvement retailer’s stock valued at $951,000 after purchasing an additional 112 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Home Depot by 6.2% during the second quarter. CreativeOne Wealth LLC now owns 24,018 shares of the home improvement retailer’s stock worth $8,806,000 after buying an additional 1,392 shares in the last quarter. Foster Dykema Cabot & Partners LLC boosted its stake in Home Depot by 21.3% during the second quarter. Foster Dykema Cabot & Partners LLC now owns 1,439 shares of the home improvement retailer’s stock worth $528,000 after buying an additional 253 shares during the last quarter. Finally, Maripau Wealth Management LLC grew its holdings in Home Depot by 65.5% in the 2nd quarter. Maripau Wealth Management LLC now owns 1,003 shares of the home improvement retailer’s stock valued at $368,000 after buying an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $343.22 on Monday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm has a market cap of $341.64 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.59 and a beta of 1.00. The firm’s 50 day moving average price is $385.34 and its 200-day moving average price is $381.29. The Home Depot, Inc. has a one year low of $326.31 and a one year high of $439.37.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same quarter last year, the business posted $3.78 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Analyst Ratings Changes

Several research analysts have recently weighed in on HD shares. Sanford C. Bernstein lowered their price target on shares of Home Depot from $406.00 to $362.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 19th. Oppenheimer boosted their target price on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Evercore ISI dropped their price target on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Morgan Stanley reduced their price target on shares of Home Depot from $430.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $370.00 price objective (down from $440.00) on shares of Home Depot in a research report on Friday, November 14th. Twenty-one equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $409.72.

Insider Buying and Selling

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.